News Releases

RBC Wealth Management (U.S.) CEO John Taft
named SIFMA Chairman

NEW YORK and MINNEAPOLIS, November 10, 2010  Royal
Bank of Canada (RY on TSX and NYSE) announced today that John
Taft, CEO of RBC Wealth Management (U.S.), has been named
chairman of the Securities Industry and Financial Markets
Association (SIFMA) for 2011. SIFMA is the leading securities
industry trade group representing securities firms, banks
and asset management companies in the United States. Taft
will continue to lead RBC's U.S. wealth management business
while assuming this senior role with SIFMA.

As chairman-elect of SIFMA in 2010, Taft was instrumental
in advocating for reform of the U.S. financial regulatory
system, playing a key role in lobbying for a new harmonized
federal fiduciary standard of care and recommending rules
that preserve investor choice.

During his tenure as SIFMA chairman, Taft will continue
to be a leader in financial reform, encouraging lawmakers
and regulators to strike a balance on reform measures that
will help ensure the U.S. avoids future financial crises,
while allowing financial institutions to effectively do their
part in supporting America's economic recovery and job creation.

Tim Ryan, President and CEO of SIFMA:
We are delighted to welcome John as the new chairman of SIFMA.
During this unprecedented time of rulemaking and implementation
of new financial regulations, the industry is sharing its
broad expertise and experience with regulatory agencies through
thoughtful analysis, information and comment. At the same
time, the industry is working to effectively communicate the
impact of these new laws on the American businesses, investors
and families served by our members. John's leadership, experience
and dedication to our industry will be invaluable in these
efforts.

George Lewis, Group Head, RBC Wealth Management:
RBC congratulates John on his appointment as SIFMA Chair.
As a top-10 global wealth management firm, RBC Wealth Management
advocates for public policy and a regulatory approach that
puts clients' interests first while making the financial services
industry stronger and more transparent. John has demonstrated
a steadfast commitment to stewardship and the development
of new industry standards for financial reform. As SIFMA chairman,
he will continue his passionate advocacy for the industry
and for clients.

John Taft, CEO of RBC Wealth Management (U.S.):
It's truly an honor to be given the opportunity to assist
in carrying out SIFMA's mission of supporting a strong financial
industry, investor opportunity, capital formation, job creation
and economic growth, while building trust and confidence in
the financial markets. I look forward to helping lead the
organization's efforts towards making our financial system
safer, sounder and more secure for investors while working
to ensure that our financial institutions have the ability
to promote economic growth.

About RBC Wealth Management
In the United States, RBC Wealth Management operates as a
division of RBC Capital Markets Corporation. Founded in 1909,
RBC Capital Markets, LLC is a member of the New York Stock
Exchange, the Financial Industry Regulatory Authority and
other major securities exchanges, as well as the Securities
Investor Protection Corp. RBC Wealth Management has over $160
billion of assets under administration and more than 2,200
financial consultants operating in over 200 locations in 42
states.